Thrivent Financial for Lutherans Sells 25,145 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Thrivent Financial for Lutherans trimmed its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 26.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,984 shares of the company's stock after selling 25,145 shares during the period. Thrivent Financial for Lutherans owned 0.13% of Upbound Group worth $2,012,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its position in Upbound Group by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 80,938 shares of the company's stock worth $2,361,000 after buying an additional 360 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Upbound Group by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after buying an additional 429 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in Upbound Group by 2.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 26,498 shares of the company's stock worth $773,000 after purchasing an additional 616 shares during the period. Blue Trust Inc. lifted its position in shares of Upbound Group by 45.0% during the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after buying an additional 705 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of Upbound Group by 6.3% during the fourth quarter. Inspire Investing LLC now owns 13,798 shares of the company's stock valued at $402,000 after acquiring an additional 818 shares during the period. Institutional investors own 90.30% of the company's stock.

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Upbound Group Trading Up 0.2 %

UPBD traded up $0.06 during mid-day trading on Wednesday, reaching $24.26. The stock had a trading volume of 463,839 shares, compared to its average volume of 484,124. The firm's fifty day simple moving average is $26.90 and its two-hundred day simple moving average is $29.42. The stock has a market capitalization of $1.39 billion, a P/E ratio of 10.98 and a beta of 2.01. Upbound Group, Inc. has a 52 week low of $23.35 and a 52 week high of $38.72. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. On average, equities analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Wednesday, April 2nd. Upbound Group's dividend payout ratio is currently 70.59%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital cut their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.00.

Insider Activity at Upbound Group

In other news, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the acquisition, the chief financial officer now owns 164,672 shares in the company, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey J. Brown bought 1,146 shares of the business's stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the purchase, the director now directly owns 86,380 shares in the company, valued at approximately $2,505,883.80. This represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. 2.70% of the stock is owned by corporate insiders.

Upbound Group Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.